Wednesday, April 20, 2016 7:27:38 PM
Also and something more real is that put action on GDX is picking up and some traders are making some big bets on GDX falling to about the 19.75 area. Makes sense to me because as the chart shows that would take out the pump parabolic part of the run in GDX this year and place it back down to about where it was before the pump started a few weeks back.
Another thing is maybe those "in the know" already know for the most part what ECB says tomorrow. Who knows.
Final thing is that it is no surprise to see selling in miners with them being up over 100% in 3 months ahead of earnings. Have to look at it this way. If someone is up a whole lot in a mining stock do they really want to risk their gains and hold through earnings knowing miners' earnings reports usually aren't all that great? Probably not for many.
Knowledge + risk taking = prosperity
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